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Poverty Consequences of Globalisation in OIC Countries: A Comparative Analysis

Author

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  • M. Tariq Majeed

    (Department of Economics, Quiad-i-Azam University, Islamabad.)

Abstract

This study examines the impact of globalisation on cross-country poverty using a new comparable panel data set for developing countries over a long period 1970-2008. The main findings of the study are: First, openness to trade exerts adverse effects on poverty in all sample developing countries while FDI helps in reducing poverty only in OIC countries. Second, growth elasticity of poverty is negative and significant in all countries; however, the growth elasticity of poverty is high in the case of OIC countries. Third, inflation adversely affects poverty in all sample countries. Fourth and finally, the role of government is insignificant in OIC countries while it is robustly significant with a negative sign in Non-OIC countries. Thus, government spending helps in reducing poverty only in Non-OIC countries. The overall results of this study indicate that globalisation accentuates not ameliorates poverty.

Suggested Citation

  • M. Tariq Majeed, 2012. "Poverty Consequences of Globalisation in OIC Countries: A Comparative Analysis," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 51(4), pages 479-492.
    • Handle: RePEc:pid:journl:v:51:y:2012:i:4:p:479-492
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    File URL: http://www.pide.org.pk/pdf/PDR/2012/Volume4/479-492.pdf
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    Cited by:

    1. M. Tariq Majeed & M. Nauman Malik, 2015. "Determinants of Household Poverty: Empirical Evidence from Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 54(4), pages 701-718.

    More about this item

    Keywords

    Globalisation; Poverty; Inequality; FDI; OIC Countries;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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